Category: seatrade maritime

Singapore approves Korean takeover of Dyna-Mac Singapore competition authorities have approved the acquisition of Dyna-Mac Engineering Services by Hanwha Group. Michele Labrut Go to seatrade maritime

Shipowner appeals for Sri Lanka to review case against X-Press Pearl Master X-Press Feeders says it welcomes statements from the new Sri Lankan government that it will reopen investigations into the X-Press Pearl fire and subsequent loss in 2021. Marcus Hand Go to seatrade maritime

Cosco Shipping inks green methanol agreement Cosco Shipping is collaborating with Thailand’s Charoen Pokphand Group and US company Freeport Commodities on green methanol cooperation. Katherine Si Go to seatrade maritime

ABS aligned with Saudi Vision 2030 across technology, workforce, and sustainability Class society investing in technical staff to meet growing demand in the Middle East offshore energy sector. Seatrade Maritime Go to seatrade maritime

Shift in global trade patterns to gather pace An expected sharp increase in tariffs on goods from China imported into the US will see a build-up of ‘strategic inventories’ by Chinese manufacturers. Nick Savvides Go to seatrade maritime

Improving the image of seafaring – putting lipstick on a pig? It is a telling sign when the majority of a room full of crewing and ship management executives say they would not recommend a career in shipping to their children. But what can be done to improve the image of the industry? Marcus Hand…

Hong Kong plan of action for green bunkering The Hong Kong government unveiled the Action Plan on green maritime fuel bunkering to promote it as a hub for alternative fuels. Katherine Si Go to seatrade maritime

Zamil Offshore plans fleet and geographical expansion With the backing of new investment from Saudi Arabia’s Public Investment fund, Zamil Offshore is setting its sights on growth. Seatrade Maritime Go to seatrade maritime

Cargotec sells MacGregor to Triton, to rebrand as Hiab Cargotec has found a buyer for MacGregor in a deal with an enterprise value of EUR480m. Marcus Hand Go to seatrade maritime

OSM Thome to deploy Kaiko Systems ship inspection technology Software to streamline inspections, automate reporting, and provide real-time guidance. Gary Howard Go to seatrade maritime

Fresh Houthi attacks one year after Galaxy Leader seizure As the crew of Galaxy Leader approaches one year as Houthi hostages, fresh missile attacks on a merchant ship have been reported in the Red Sea. Gary Howard Go to seatrade maritime

Skaramangas Shipyards sets LNG carrier repair business goal Revitalisation of the Greek shipbuilding and ship repairing industry was a major theme at the Greener Shipping Summit in Athens last week. David Glass Go to seatrade maritime

Window till 2026 to develop training standards for wind propulsion As the wind assisted propulsion (WAP) market continues to gain traction the industry is working to in place robust standards for operation and training. Marcus Hand Go to seatrade maritime

Tanker rates edge upwards but uncertainties remain Brokers noted a number of off-market deals agreed during Bahri Week in Dubai and the signs, for the moment, are broadly positive. Paul Bartlett Go to seatrade maritime

Seaspan and ONE ship management JV a natural progression OneSea Solutions, the 50-50 joint venture between ONE and Seaspan Corporation, is a natural progression for the carrier and for the vessel owner, which owns and charters more than 200 container vessels. Nick Savvides Go to seatrade maritime

FMC’s Bentzel joins NAWE Federal Maritime Commissioner Carl Bentzel will be joining the National Association of Waterfront Employers (NAWE) next month leaving a post he was appointed to in the first Donald Trump presidency. Nick Savvides Go to seatrade maritime

Folk Maritime focussing on slot costs and partnerships Folk Maritime CEO Poul Hestbaek explains the short sea and feeder company’s recent achievements and its strategic outlook for the Middle East logistics sector. Seatrade Maritime Go to seatrade maritime

Baltimore bridge accident ship Dali arrives in China for repairs Seven months after making global headlines the container ship Dali that destroyed the Key Bridge in Baltimore has arrived at a repair yard in Fuzhou. Katherine Si Go to seatrade maritime

Seatrade Maritime recognises excellence within maritime crewing – The Crew Connect Global 2024 winners are announced Seatrade Maritime Crew Connect Global is proud to announce this year’s award winners; honouring the outstanding contributions and achievements in this vital sector. These awards celebrate excellence, innovation and leadership in the organisations and individuals that are shaping the…

Hapag-Lloyd raises 2024 outlook on strong third quarter Q3 results mark an improvement in 2024, but most indicators for the first nine months remain down on 2023. Gary Howard Go to seatrade maritime

ZIM accelerates ‘smart’ containers deployment ZIM Integrated Shipping Services is rolling out integrated Hoopo’s innovative hoopoSense Solar trackers for its smart containers. Michele Labrut Go to seatrade maritime

Hercules Tanker Management adds ten tankers at Jiangmen Hangtong shipyard Hercules Tanker Management (HTM) pushes forward with fleet expansion plan, ordering ten chemical tankers in China. Katherine Si Go to seatrade maritime

The psychological impact on seafarers of a Houthi attack Over the last 12 months we have seen large numbers of missiles and drones fired at commercial vessels in the Red Sea exposing merchant seafarers to war like conditions. Marcus Hand Go to seatrade maritime

New fire detection technologies developing at speed Development of cutting-edge fire detection systems could save lives and cargo, and rid shipping of its decades-old technologies. Paul Bartlett Go to seatrade maritime

Maritime cyber risk weighs heavily, according to new report Cyber security tops industrial risk list, but marine professionals believe companies are better prepared and investing more in cyber security. Paul Bartlett Go to seatrade maritime

Deciphering America’s election result A week after the Republican’s comprehensive victory in the US elections the container shipping market is still trying to understand what a Donald Trump victory will mean. Nick Savvides Go to seatrade maritime

Folk Maritime explores Saudi Vision 2030 and Fleet Expansion Short sea and feeder operator is launching new services as it expands and adapts in a complex container market. Seatrade Maritime Go to seatrade maritime

HMM boasts 41% Q3 margin, warns of weak Q4 outlook Third quarter profit leaps over 1,700% in 2024 as line looks ahead to February alliance reshuffle. Gary Howard Go to seatrade maritime

AI-driven AUV to enable autonomous wind farm surveys UK firm seeks to enable strategic maintenance planning and cut subsea survey carbon footprints with autonomous Scout. Paul Bartlett Go to seatrade maritime

PIL launches new Iraq feeder service Pacific International Lines (PIL) is launching a new feeder service between Jebel Ali in UAE and Umm Qasr in Iraq, with the aim of strengthening its coverage and connectivity in the Middle East. Katherine Si Go to seatrade maritime

DP World Australia splashes $115.6m on Silk Logistics Contract and port logistics operator’s 21 hubs and 25 warehousing sites would add to DP World’s four box ports and three container parks. Michele Labrut Go to seatrade maritime

Mermaid completes 21-well, two-year North Sea decommissioning campaign Subsea services company believes Island Valiant completed the largest ever vessel-based UK North Sea decommissioning campaign. Gary Howard Go to seatrade maritime

Seafarers key to a safe transition to new fuels As shipping gears up to operate with alternative fuels to meet emissions targets in the coming decades the role of the seafarer is seen as paramount by senior executives. Marcus Hand Go to seatrade maritime

Canadian dockers locked out of BC and Montreal ports A breakdown in negotiations and mediation at ports on both the west and east coasts of Canada, has left shippers reeling and dockers in a state of limbo, as unions accuse employers of a co-ordinated attack. Nick Savvides Go to seatrade maritime

Climate NGOs call for regulators to rethink LNG emissions rules As COP29 begins in Baku, NGOs have renewed their calls for regulators to revisit the methane slip values used to measure pollution from LNG powered vessels, with “serious credibility concerns” raised over current monitoring systems. Nick Savvides Go to seatrade maritime

Cosco Shipping terminal in Peru to start operations this month Cosco Shipping’s new container terminal in Chancay, Peru, will launch operation in November, further enhancing trading between Asia and South America. Katherine Si Go to seatrade maritime

Damen-built electric tug sets bollard pull record Damen Shipyards and Abu Dhabi Port’s subsidiary, SAFEEN Group, have set a new 78.2-tonne bollard pull record with the all-electric reverse stern drive tug, Bu Tinah, the first electric tug in the Middle East. Paul Bartlett Go to seatrade maritime

Seatrade Maritime Club round table sets scene for Crew Connect Global 2024 A senior gathering of industry personalities has set the scene for the coming three days of Seatrade Maritime Crew Connect Global taking place at Shangri-La The Fort, Manila – The Philippines until 14th November. Seatrade Maritime Go to seatrade maritime

Qatar to host Seatrade Maritime Qatar Conference and Exhibition February 2025 Under the patronage of His Excellency Jassim Bin Saif Al-Sulaiti, Minister of Transport, Qatar hosts Seatrade Maritime Qatar Conference and Exhibition – the inaugural shipping event to take place with Founding Strategic Partner, Mwani Qatar at the Sheraton Grand Doha Resort and Convention Hotel…

Benchmarking key to shared decarbonisation drive Innovation and decarbonisation need to be commercialised through a structural rethinking of the maritime sector according to the latest report from Danish Ship Finance (DSF). Nick Savvides Go to seatrade maritime

FuelEU to pose significant new challenges There are key differences that owners, managers and charterers need to be aware of between EU Emissions Trading System (ETS), in place since January, and FuelEU Maritime, due to enter force in about eight weeks. Paul Bartlett Go to seatrade maritime

Video: Tabadul aligns logistics goals with Saudi Vision 2030 Saudi technology provider deploying automation to address logistics gaps and promote regional trade. Seatrade Maritime Go to seatrade maritime

Wilhelmsen upsizes and firms car carrier options Latest declarations leave two options open until 2025 in a tight car carrier market. Gary Howard Go to seatrade maritime

Panam LNG Bunkering to start operations in March 2025 Panam LNG Bunkering a joint venture established by AES Corporation and Seaspan Energy to provide LNG bunkering services in Panama is set to start operations next year. Michele Labrut Go to seatrade maritime

The Maritime Just Transition: Leaving no seafarer behind Shipping has ambitious targets to decarbonise but it will only be able to reach those goals with the help of those who operate the vessels – seafarers. Marcus Hand Go to seatrade maritime

BYD and Cosco Shipping partner for automotive logistics Chinese automobile manufacturer BYD and Cosco Shipping Specialized Carriers are collaborating to promote China-made automotive exports. Katherine Si Go to seatrade maritime

HD KSOE ammonia equipment approvals HD Korea Shipbuilding & Offshore Engineering (HD KSOE) says it has obtained Approvals in Principle (AIP) from class and flag-state for an ammonia fuel supply system. Michele Labrut Go to seatrade maritime

CMB.TECH sees regional bears facing market bulls Recently-renamed Euronav is cautious on container sector dynamics as it announces a drop in revenue and profit for its drastically-reshaped fleet. Gary Howard Go to seatrade maritime